UBS plans to cut about 80 to 90 jobs in its European investment-banking division in an effort to...

|About: UBS Group AG (UBS)|By:, SA News Editor
UBS plans to cut about 80 to 90 jobs in its European investment-banking division in an effort to reduce its headcount. The cutbacks, which are likely to take place before year-end, would amount to about 17% of staff within the region’s investment-banking division and include both junior and senior bankers.